USA: Hain Celestial sales, earnings rise in Q3
Organic food company Hain Celestial Group has announced rises in sales and earnings in the third quarter ended March 31, 2005.
Net sales for the third quarter were $161.3m compared with $136.9m for the third quarter of the previous year. Net income was $7.7m compared with $5.0 million a year ago.
"The momentum of our core natural and organic brands continued through the third quarter with our entire team driving strong sales and effective cost control," said Irwin D. Simon, president and CEO. "Despite the challenging environment for food companies with input costs rising, we achieved impressive top line growth in our core natural and organic categories. We are excited about the market opportunity given the expansion of supernatural, natural and conventional stores, increasing consumer awareness of our products, and the new government food pyramid, which recommends healthier food choices."
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